22
Nov
15:05
Northwest European coil prices near bottom, some sceptical
The floor for northwest European coil prices appears to be coming nearer and nearer, but still remains out of clear sight beneath a murky misty layer.
Sources from integrated mills, of course, claim that the bottom is nigh. “From what I see in the press, prices are no longer sinking,” one mill source says, but fails to give evidence. “I do believe that we are very near the bottom of this price spiral now,” another one says, stating that his…
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Anonymous
Very good overview of the weekly steel market.
Anonymous